Finance doesn’t have to feel intimidating. In this webinar, Jonathan and Mackenzie from The Consonance Group break down nonprofit financial terminology in plain language so Executive Directors, program leaders, and non-finance staff can feel more confident reading reports and making decisions.
In this recording, you’ll learn:
- Core nonprofit finance terms like accrual, net assets, classes, burn rate, restricted vs. unrestricted funds, and in-kind contributions.
- How to read the three key reports every leader should understand: the P&L/Statement of Activities, Balance Sheet/Statement of Financial Position, and Budget vs. Actual.
- A simple framework for indirect costs and releasing restricted net assets.
Whether you’re preparing for board questions, trying to better understand your financial reports, or looking for a clearer way to talk about nonprofit finances, this conversation will give you practical tools you can use right away.
Watch to build your financial confidence and bring the language of finance back to mission-driven leadership.
Want support for your nonprofit’s finance or HR systems? Connect with The Consonance Group at www.consonance.group or reach Jonathan at [email protected].
Welcome to this joint leadership presentation designed to take the fear out of reading financial statements for nonprofit leaders and board members. Learn how to bridge the gap between compliance rules and everyday managerial reality by mastering your P&L, Balance Sheet, and Budget vs. Actual (BvA) reports.
Key Topics Covered
- P&L (Statement of Activities): Understanding your operational heartbeat beyond the bottom line.
- Balance Sheet & Liquidity: Spotting time-capsule cash, restrictions, and managing true operational runway.
- Budget vs. Actual (BvA): Using your budget as an early-warning GPS rather than a stress test.
- Compliant Cost Recovery: Systematic cost allocation and navigating federal uniform guidance.
Featured Presenters & Hosts
Host & Moderator: Mackenzie Lyons, TCG
Speaker: Jonathan Morris, CEO, The Consonance Group (TCG)
Co-Presenter: Rachel Zutshi, CPA, Audit Senior Manager, Snyder Cohn
Connect & Resources
- The Consonance Group (TCG): www.consonancegroup.com | Email: [email protected]
- Snyder Cohn, CPAs: Email: [email protected]